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Disaster: Global sell-off spooks Sensex; ends down nearly 400 pts

May 23, 2013

The Indian equity markets joined a global sell-off today as fears over global economic growth and likely early withdrawal of US stimulus spooked investors across various markets. A 1000 point fall in Japan's Nikkei, triggering a brief trading suspension in futures in Osaka added to the worries. #Sensex #nifty #Rupee #SBI #Ranbaxy #Stock Markets
No reason for rupee to be unstable, says Raghuram Rajan

May 23, 2013

Rajan said according to his "reading," the U.S. Fed will continue with the stimulus measures. #Rupee #WhoSaidWhat #Raghuram Rajan #Currency
Rupee hits eight month low at 56: Why it will continue to struggle

May 23, 2013

The key reason behind the rupee�s fall is the weak current account situation of the country. And there is no end in sight for the CAD problem. So the rupee�s struggle will continue too. #Dollar #Rupee #Current Account Deficit #Bonds #CurrencyWatch

Blog posts

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Rupee crosses 55: Will it halt equity, bond rally?

May 22, 2013

Keep an eye out for market correction but do not close your eyes to the broad positive trends. #Sensex #Rupee #Bonds #CurrencyWatch #market rally
It's not just equity: Why India is best of BRIC right now

May 20, 2013

The rise in Sensex and Nifty is not to be ignored especially given the poor performance of India�s peers and given the strong performance of developed economy indices #India #China #Stock market #BRIC #Rupee #Russia #TheExplainer
India is still in a bear market rally

Jan 02, 2013

India is yet to come out of a five-year bear market as Sensex and Nifty are still down from highs seen in late 2007 and five-year returns are still negative. #Sensex #nifty #Rupee #MarketWatch

Wire

Indian Express
Don't panic over the Indian rupee, says Raghuram Rajan

2013-05-23 12:04:00

Please read our terms of use before posting comments Even as rupee fell below 56-level against US dollar today top adviser to Finance Ministry Raghuram Raja today said there is no need to panic as RBI takes decisions on whether to intervene in forex mark #Forex #India
Economic Times
The 'Rupee dilemma': What can be done?

2013-05-21 23:22:00

Indranil Sen Gupta, India economist, Bank of America Merrill Lynch It is a relief that the Reserve Bank of India has finally resumed buying FX. In my view, the rupee will continue to trade weak until the RBI reassures investor confidence by recouping at #India #Bank of America #Merrill Lynch
The Hindu
Rupee crashes to nearly 5-month low at 55.11

2013-05-20 13:48:00

The rupee on Monday fell to its nearly five-month low level of 55.11 by losing 23 paise on sustained dollar demand from oil importers and concerns over possible rating downgrade by Standard & Poor. Forex dealers said weakness in local equities and a firm #Forex #Bombay Stock Exchange #India

Editor's picks

Money, sleaze take the sheen off imperious Chennai Super Kings

Given the huge legal, moral and ethical stakes, Srinvasan and Meiyappan should have voluntarily clarified their position and should have offered to face an investigation.
How the Woolwich terror attack will harm Britain's Muslim community more

For Muslims in Britain, there comes one thing after another to get defensive about, and at quite short intervals. The Muslim community will be cornered into paying a price for the brutality of these two killers.
Explainer: Why Sensex has fallen over 300 points today

Chidambaram ‘s soothsaying may not work when the markets are driven largely by foreign institutional investors (FIIs)
PM carrying out responsibility with great dignity, says Sonia

Rejecting the talk about two power centres and differences between them, UPA Chairperson Sonia Gandhi today said there is “collective leadership” between her and Manmohan Singh and “we all stand by” the Prime Minister who will complete his term.

Why India is concerned about supplying arms to Afghanistan

From across the Hindu Kush, a plea for Indian help. Hamid Karzai wants New Delhi to provide artillery and military transport aircraft. It won’t cost India much—but New Delhi is worried about upsetting Pakistan, and wary of making commitments before it becomes clear which way the political wind is blowing in Kabul.
Sreesanth and IPL spot fixing: Why history makes it so hard to believe the police

With the glut of information regarding the IPL spot fixing scandal and the three cricketers how much of it can we really trust?
Phaneesh Murthy admits to relationship with employee

This is the second time the IT industry veteran has been involved in a sex scandal.
Despite BJP edge over Cong, both NDA and UPA are conjectures

Opinion polls show the BJP and the NDA ahead of the Congress and UPA. But it is the regional parties that are likely to make the biggest gains. NDA and UPA are post-poll creatures

Not just niceties, China and India need to focus on thorny issues

India’s discourse with China has traditionally been trapped in the Mao-ist maze that defines how “friends” ought to conduct themselves. But Chinese statecraft has evolved, and India too must up its diplomatic game.
Why the Indian media gives a damn about poverty

In that sense the poverty line of India is cruel. It is merciless and doesn’t allow the majority of Indians any money for shelter or access to education or healthcare or sanitation or anything else that civilised nations would consider as essential as food.
Goa meet: Will the BJP finally find a way out of its troubles?

Can the party resolve internal discord and take a call on Modi’s PM candidature?
Why Dhoni, Tendulkar can't distance themselves from spot fixing

Try following a game on twitter or with friends or at the ground. At every step of the way, the spot-fixing question raises itself.

Movie Review: 'The Reluctant Fundamentalist' leaves you dissatisfied

If you forget the politics and just look at the film, The Reluctant Fundamentalist doesn’t fare much better. It’s a thriller that lacks tension and suspense.
Here's how the Delhi Police stumbled upon spot-fixing in IPL

After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Movie Review: The Great Gatsby is the most Bollywood of Baz Luhrmann's films

The great American dream is an integral part of America. It’s ‘great’ in that it symbolises not truth, but hope when the truth is disillusioning; it symbolises not facts, but ideals when facts are unnerving; it symbolises not likelihood, but promise when likelihood is all but bleak.

Google I/O 2013 keynote: New Maps, Search, Plus, and S4 with 'pure' Android

We’re tracking the Google I/O conference 2013 live – what will be unveiled?
Hero worshipped in Kerala, Sreesanth still innocent in his state

The summary of the response in his Sreesanth’s home turf is that of incredulity. They are unwilling to believe that the pacer is guilty.
Why return of Dreamliners won't change Air India's fortunes

The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
Did Indira abolish bonded labour or Sonia? NREGA's tall claims

The UPA ads eulogising MGNREGA as a a huge success needs to be taken with bags of salt. The scheme did make a difference, but not as is claimed.

Angelina’s breast surgery possible in India, but there's a catch

So can we test in India and gain from the same treatment privilege that Jolie had? Yes, but there is a catch.
IPL 2013 KKR vs PWI Live: Yusuf kicks KKR out of the IPL

Live detailed updates as KKR take on Pune in a must-win game at Ranchi.
Wrong on Ghaziabad: The Kiran Bedi argument for moral policing

Bedi’s argument that we should focus on the legal wrong committed by the girl slapped by cops is technical, disingenuous and enabling.
Cloak but no dagger: The awfully mundane world of spies

There’s an endearing quality to reports that a CIA spy was arrested in Moscow: he comes across as a bumbling amateur who represents the lost Age of Innocence in the world of espionage.